Friday, November 14, 2008

I noticed the other day that I'd gone overdrawn in my French bank account to the tune of €160 and as I've only got a €200 overdraft limit and the French banks get really unhappy if you go overdrawn a quick international funds transfer was needed.

In the intervening year it seems that Moneybookers have increased their fees though, back in July 2007 they were charging £1.30 to withdraw funds into a French account, it's increased slightly now to £1.60 per withdrawal. They've also changed the foreign currency exchange rate they use from European central bank daily interbank rate plus 0.95% to an unspecified "wholesale exchange rate" plus 1.75%.

Overall these two changes mean Moneybookers isn't such fantastic value as it used to be for overseas transfers, but I still believe it's good value when compared to the £10 or £20 that the high street banks would charge for an international SWIFT transfer.

0 Comments:

Post a Comment

Welcome to the Gite In Brittany Blog

Our blog is a mixture of articles about Brittany, France, Ferries, fun of running a holiday Gite, long-running renovation of the second Gite, website creation hints and ideas, and general cool stuff I like!

About Me

Our diary of running a French Holiday Gite in beautiful rural Brittany.
We bought our home in France in January 2004 as a holiday home, retirement fund and maybe a bit of rental as well - find out about our renovation, rental and holiday adventures since then by reading this Blog.
Now in our fourteenth year (2018), we've escaped the 'credit crunch' and are still booking over 100 nights a year. We enjoying holidaying there ourselves and are working on renovating the second house ..